December 06, 2016 9:19 AM ET

Metals and Mining

Company Overview of Dubai Aluminium Company Limited

Company Overview

Dubai Aluminium Company Limited owns and operates aluminum smelters that manufactures and supplies aluminum products. The company offers foundry alloys for automotive applications, including wheel rims, sub-frames, suspension parts, cross members, and engine cradles; and extrusion billets for construction, industrial, forging, and transportation purposes. It also provides aluminum products are used in the manufacture of compact discs, computer hard drive memory disks, capacitors, and other electronic components, as well as aerospace industries. In addition, the company produces potable and distilled water by distillation of seawater. It serves clients in Asia, Europe, the Middle East, the Fa...

DUBAL Building

Jebel Ali

Dubai,  

United Arab Emirates

Founded in 1975

Phone:

971 4 884 6666

Fax:

971 4 884 6919

Key Executives for Dubai Aluminium Company Limited

Chief Executive Officer and President
Group Chief Financial Officer and Executive Vice President, and Member of Executive Management Committee, Member of Investment Committee, and Member of Risk Management Committee
Vice President of Human Resources and Organization Effectiveness
Executive Director
Age: 64
Vice President of Corporate Relations and International Affairs
Compensation as of Fiscal Year 2016.

Dubai Aluminium Company Limited Key Developments

Dubai Aluminium Mulls Acquisitions

Dubai Aluminium Company Limited is seeking acquisitions. The company intends to acquire equity interests in local and international projects related to coal, solar, gas and other alternative sources of energy to help in meeting local and global demand.

Dubai Aluminium Company Limited Closes $1.8 Billion Loan Agreement

Dubai Aluminium (Dubal) has closed a $1.8 billion seven-year loan deal just before the end of 2015. The company had roped in as many as 15 domestic and overseas banks to sanction the loan amount. The company had selected Emirates NBD, Societe Generale and Citi to arrange the deal. The lenders had fully underwritten the loan and had started the process to invite several other lenders to join the deal. Global loan information platform Thomson Reuters LPC said that the loan disbursed an interest rate of 145 basis points above the London Interbank Offered Rate (LIBOR). This is the first syndicated loan that the company has taken for its general business purposes in the last two decades.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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